Pinewood.AI Acquires Full Control of North American Joint Venture with Lithia

Pinewood Technologies ( (GB:PINE) ) has issued an update.

Pinewood.AI has announced an agreement to acquire Lithia’s 51% stake in their North American joint venture for $76.5 million in new shares, valuing the venture at $150 million. This acquisition will give Pinewood.AI full control over its North American operations, enabling it to expand its market presence and capitalize on the $6.5 billion automotive dealer software market. The company also secured a five-year contract with Lithia to implement its software across all Lithia sites in the US and Canada by 2028, projecting significant revenue growth. This strategic move is expected to enhance Pinewood.AI’s financial clarity, strengthen its partnership with Lithia, and support its medium-term growth ambitions in North America.

The most recent analyst rating on (GB:PINE) stock is a Buy with a £590.00 price target. To see the full list of analyst forecasts on Pinewood Technologies stock, see the GB:PINE Stock Forecast page.

Spark’s Take on GB:PINE Stock

According to Spark, TipRanks’ AI Analyst, GB:PINE is a Outperform.

Pinewood Technologies’ overall score reflects strong financial performance and technical indicators, boosted by positive corporate events. The absence of valuation metrics limits the ability to fully assess the stock’s value, but strategic growth initiatives and market expansion provide a strong outlook.

To see Spark’s full report on GB:PINE stock, click here.

More about Pinewood Technologies

Pinewood Technologies Group PLC, operating under the name Pinewood.AI, is a cloud-based software company providing innovative retail solutions to the automotive industry. The company focuses on delivering its software-as-a-service (SaaS) products to automotive dealer groups, particularly in North America, following its transition from a UK motor business to a standalone SaaS business.

Average Trading Volume: 136,340

Technical Sentiment Signal: Strong Buy

Current Market Cap: £397.9M

For detailed information about PINE stock, go to TipRanks’ Stock Analysis page.